500 Ridgewood AveHolly Hill, FL 32117

This exceptional investment opportunity presents a fully operational, 11-key motel in Holly Hill, Florida. Boasting a remarkable 100% occupancy rate and a strong 16.84% cap rate, this property offers significant returns. The asking price is $950,000, with a net operating income (NOI) of $160,000. The motel comprises nine buildings, each a single story, totaling 2,942 square feet on a substantial 35,000 square foot lot. Built in 1930, the property includes 12 beds spread across the 11 rental units, each currently generating $350 per week in rental income. Adding to the income potential, a 30x30 foot garage, divided into two units, is currently used by the owner but offers further rental possibilities. The motel has been meticulously maintained and is ready for immediate operation. This is a rare chance to acquire a high-performing, established motel in a desirable location. The property's strong performance and high occupancy make it an ideal addition to any investment portfolio. Don't miss this chance to secure a profitable and stable income stream.